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| Name | Symbol | Market | Type |
|---|---|---|---|
| Snam SPA (PK) | USOTC:SNMRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | -1.40% | 9.13 | 9.10 | 9.14 | 9.16 | 9.06 | 9.12 | 37,698 | 21:08:02 |
From Jun 2019 to Jun 2024
By Neanda Salvaterra
MILAN--Italy-based Snam S.p.A, a natural-gas distribution company, said Wednesday it will spin off its domestic-gas-distribution arm, Italgas.
Snam will retain a 13.5% stake in the new company, and existing Snam shareholders will receive a portion of the shares in the new entity. Snam said the new company will list on the Milan stock exchange by the end of 2016.
Snam's board has called a shareholders' meeting on Aug. 1 to approve the transaction.
Write to Neanda Salvaterra at Neanda.Salvaterra@wsj.com
(END) Dow Jones Newswires
June 29, 2016 03:31 ET (07:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Snam (PK) Chart |
1 Month Snam (PK) Chart |
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